Senate Republicans unveil plan to give budget surplus back to taxpayers

Senate Republicans today announced a multifaceted plan to return Minnesota’s budget surplus to taxpayers. The Senate Republican tax plan emphasizes putting money back in the pockets of families and individuals, particularly middle-income and low-income earners, so they have more security, freedom, and flexibility to chase their dreams. This is the marquee piece of Senate Republicans’ Vision 2020 Agenda, which was unveiled in January.

Senator John Jasinski (R-Faribault) issued the following statement:

“Over the last few years, Republicans have passed the largest tax cut in two decades and the first real income tax rate cut in almost the same time period, but Minnesotans are still overtaxed. This bill builds on those previous successes in a major way. With a $1.3 billion budget surplus, there’s no reason not to give taxpayers their money back.”